• Prior reading was +9.3
  • Employment +7.5 vs +10.8 prior
  • Prices paid +21.5 vs +20.5 prior
  • Business conditions six months in the future +40.6 vs +37.4 prior – highest since April 2012

No help for the US dollar from the manufacturing sector. The euro and pound are just a short hop to the highs of the day. Look for stops if those levels break; the US dollar bulls are reeling today. If there wasn’t hope for the Fed to do something hawkish on Tuesday, I think it would be much uglier today.